Taxation during insovency

Particularly in the area of turnover tax, developments in case law and the interaction between tax and insolvency law pose challenges to the parties involved in insolvency proceedings. As a result, professional creditors in insolvency proceedings expect security for their own tax risks from their involvement, which leads to a significant strain on liquidity when it is most urgently needed. Also, errors in the processing of supposed standstill transactions, such as the settlement of security proceeds with creditors, can quickly lead to damage to the estate. Therefore, appropriate advice on the handling of tax issues is essential to avoid significant damage to the insolvency estate.

Aderhold provides support in the routine handling of all tax law aspects in insolvency proceedings in close coordination with the competent tax office. In the case of specific insolvency tax issues, Aderhold provides the insolvency administrator or the self-administering management with an expert opinion on tax law.